Virgin credit card review – what are the benefits?

With so many credit cards available, how do you choose one? Here we start our series of credit card reviews looking at the Virgin credit card.

You can apply for a Virgin credit card as long as you are over 18, live in the UK and have a bank or building society account.

You will not automatically get a card just simply because you apply for one.

As with other credit card providers, Virgin will check your age, status and financial background and will get a credit report on you.

With this information they will decide whether to offer you a card and if so what credit limit to apply.

A Virgin credit card does not have an annual fee and currently offers:

0% on balance transfers for 16 months, from the date your credit card account is opened. Be aware this only applies to transactions made within the first 60 days of the account opening. There is a handling fee of 2.89%, minimum charge £3

0% on card purchases for 3 months, from the date the account is opened.

Representative 16.8% APR (variable)

Pay less interest on your balance – your monthly repayments go towards paying off the balance with the highest rate of interest first, instead of the lowest rate. This means your higher rate balances are paid off earlier, and you pay less interest overall

Contactless payments – a feature on your card which lets you pay for items of £15 or less without having to key in your PIN, making your purchases as hassle-free as possible

About The Author

MoneyHighStreet Staff

One Response

Mary Addyman16th June 2009

This is a great no fee credit card. I got this card because I needed to do a balance transfer. I was happy with the whole process. I like to buy my cosmetics from Boots so I plan to take advantage of the voucher program.